Educational Attainment Model for a Minor Child: The Next Generation

Abstract

An ordered probit educational attainment model, used to predict the lost earning capacity of a wrongfully injured minor child, was created by Spizman and Kane (1992) and updated by Kane and Spizman (2001). This paper re-estimates the educational attainment model using the latest round of interviews from the National Longitudinal Survey of Youth-1997. The model specification has been updated to reflect recent findings on the determinants of educational attainment. We also examine the legal framework in which econometric techniques have been accepted and have become standard tools in litigation.